BusinessWire

Global Product-Based Sales Training Market 2020-2024 | Growing Emphasis on Microlearning to Boost Growth | Technavio

LONDON--(BUSINESS WIRE)--#GlobalProductbasedSalesTrainingMarket--The global product-based sales training market is expected to grow by USD 4.21 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report



The concept of microlearning is increasingly becoming popular among enterprises as it offers training in byte-sized formats. This allows learners to engage in just-in-time training in certain specific skills or content, thereby providing the right product knowledge at the right time. The growing competition among corporates and evolving business needs has been encouraging MNCs and SMBs to introduce new products regularly. The sales personnel in such organizations need to be trained on new products in limited timeframes before they are introduced in the market. In such cases, microlearning becomes very effective in fulfilling the organization’s training needs. Therefore, the increasing emphasis on microlearning is expected to fuel the growth of the global product-based sales market during the forecast period.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40439

As per Technavio, the use of analytics in product-based sales training will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Product-Based Sales Training Market: Use of Analytics in Product-Based Sales Training

Many enterprises are increasingly adopting analytical tools to automate various processes and improve the accuracy of lead generation. The use of analytics allows managers to track the progress of learners and provide personalized paths to increase their productivity. The growing demand for sales analytics and training analytics has encouraged vendors to offer various training and sales analytical platforms that help organizations improve their overall efficiency in sales training. This trend is expected to boost the growth of the global product-based sales training market during the forecast period.

“Increasing use of artificial intelligence in sales training and the emergence of VR as a training tool will further boost market growth during the forecast period,” says a senior analyst at Technavio.

Register for a free trial today and gain instant access to 17,000+ market research reports

Technavio's SUBSCRIPTION platform

Product-Based Sales Training Market: Segmentation Analysis

This market research report segments the product-based sales training market by end-users (consumer goods, automotive, BFSI, and others), learning method (blended training, online training, and ILT), and geography (APAC, Europe, MEA, North America, and South America).

The North American region led the product-based sales training market in 2019, followed by Europe, APAC, South America, and MEA. However, during the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as the rise in the number of SMBs and MNCs and the increased adoption of cost-effective training.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Some of the key topics covered in the report include:

End-users

  • Consumer goods
  • Automotive
  • BFSI
  • Others

Learning Method

  • Blended training
  • Online training
  • ILT

Geographic Segmentation

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/